The Use of Census Data for Hedonic Price Estimates of Open-Space Amenities and Land Use

The Use of Census Data for Hedonic Price Estimates of Open-Space Amenities and Land Use
Shultz, Steven; King, David
2004-10-03 00:00:00
Hedonic price models for determining marginal implicit prices of open-space amenities and nonresidential land use were estimated using housing data from the census. Alternative model specifications were compared to evaluate the effects of aggregating land-use data by alternative levels of census geography as well as the use of different sample sizes of census blocks. It was determined that land use is best aggregated at the block group level and that entire populations or very large sample sizes of census blocks should be used with hedonic models.
http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.pngThe Journal of Real Estate Finance and EconomicsSpringer Journalshttp://www.deepdyve.com/lp/springer-journals/the-use-of-census-data-for-hedonic-price-estimates-of-open-space-gwPg8JjWsQ

The Use of Census Data for Hedonic Price Estimates of Open-Space Amenities and Land Use

Abstract

Hedonic price models for determining marginal implicit prices of open-space amenities and nonresidential land use were estimated using housing data from the census. Alternative model specifications were compared to evaluate the effects of aggregating land-use data by alternative levels of census geography as well as the use of different sample sizes of census blocks. It was determined that land use is best aggregated at the block group level and that entire populations or very large sample sizes of census blocks should be used with hedonic models.